Artis Real Estate Investment Pref Shs Series E T.AX.P.E

Primary Symbol: T.AX.PR.E Alternate Symbol(s): ARESF | T.AX.UN | T.AX.PR.I

Real Estate REIT - Diversified

Artis Real Estate Investment Trust is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. The Company’s portfolio comprises more than 100 commercial properties. Its properties include Bower Centre; Maynard Technology Centre; McCall Lake Industrial; Pepco Building; Alex Building; 1093 Sherwin Road; 1681-1703 Dublin Avenue; Keewatin Distribution Centre; 360 Main & Shops of Winnipeg Square; Hamilton Building; Bell MTS Building II; Grande Prairie Power Centre; Northern Lights Shopping Centre I; 2190 McGillivray Boulevard; 1431 Church Avenue; Prudential Business Park 1; 951-977 Powell Avenue & 1326 Border Street, 100 Omands Creek Boulevard, Hudson's Bay Centre, and others.

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Artis Real Estate Investment Pref Shs Series E

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Post by Torontojayon Dec 21, 2024 9:31am

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Post# 36373494

Home builder stocks are crashing

Two of the biggest home builder stocks Lennar and Dr Horton are facing serious headwinds. Unsold excess inventory is starting to show up on the financials as more and more homes get completed. In the last 3 months, shares in Lennar and Dr Horton are down 27.5% and 27.2% respectively. The company is using mortgage rate buy downs as a way to prop up sales but its no longer working. Margins are compressing and profits are eroding. Not a good sign for the residential market.

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